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The Journal of Real Estate Finance and Economics

The Journal of Real Estate Finance and Economics OnlineFirst articles


Detecting Bubbles in the US and UK Real Estate Markets

This study considers state of the art subset selection and shrinkage procedures − stepwise regression, ridge regression, lasso, bridge regression and the elastic net along with the commonly employed least squares regression − to detect bubbles in …


Underwriting Limits and Optimal Leverage in Commercial Real Estate

Risk-averse commercial mortgage lenders follow an underwriting policy with strict limits based on the property’s value and cash flow. A borrower then chooses the initial loan amount and amortization that fit into these requirements and maximizes …


Using Revisions as a Measure of Price Index Quality in Repeat-Sales Models

Repeat-sales indexes are the most widely used type of transaction based property price indexes. However, such indexes are particularly prone to revision. When a new period of transaction data becomes available and is used to update the …


On the Determinants of REIT Capital Structure: Evidence from around the World

Using a sample of REITs from twelve countries around the world, we examine the determinants of REIT capital structure. We investigate firm-specific and country-specific factors, and account for the unique legal requirements that REITs face in each …


The Impact of Default and Foreclosure on Housing Values: Rings Vs. Neighborhoods Approach

We use neighborhood boundaries, in addition to a concentric rings approach, to examine single family foreclosure spillover effects on residential sales in Shelby County, TN for 2001–16. We find that using more homogeneous neighborhoods provides …

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About this journal

Recent times have seen an expansion of theoretical and empirical research on real estate using the paradigms and methodologies of finance and economics. Examples of this research include the working and structure of markets, the role of various institutional arrangements, the attention given mortgages and asset securitization, risk management and valuation, and public policy and regulation. The Journal of Real Estate Finance and Economics provides a forum for the publication of this research. Coverage includes urban economics, housing, regional science and public policy.

Officially cited as:

J Real Estate Finance Econ

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